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Qatar National Bank (Q.P.S.C.)

(QNB Group) was established in 1964 as the country’s first Qatari-owned commercial bank, with an ownership structure split between the Qatar Investment Authority (50%) and the remaining (50%) held by members of the public.

Since its establishment in 1964, QNB Group has steadily grown to become the largest financial institution in the Middle East and Africa (MEA) region.

Net profit for the three months ended 31 March 2023 reached QAR3.9 billion (USD1.1 billion), an increase of 7% compared to same period last year.

Operating Income increased by 20% to reach QAR9.3 billion (USD2.6 billion) reflecting the Group’s continued success efforts in maintaining growth across a range of revenue sources amidst turbulence in global markets.

Total Assets as at 31 March 2023 reached QAR1,178 billion (USD324 billion), an increase of 6% from 31 March 2022. The loans to deposits ratio reached 97.9% as at 31 March 2023.

In 2016, QNB Group completed the acquisition of 99.88% stake in Turkey’s Finansbank A.Ş. (now known as QNB Finansbank), the 5th largest privately owned universal bank. In 2013, the Group successfully completed the acquisition of the second largest private bank in Egypt, QNB ALAHLI (QNBAA) with existing ownership of 95.00%. The Group has also extended its regional footprint by acquiring stakes in various financial institutions including a 20% stake in Ecobank Transnational Incorporated (Ecobank), the leading pan-African bank based in Togo, a 38.6% stake in the Jordan-based, the Housing Bank for Trade and Finance (HBTF), 40% of Commercial Bank International (CBI) based in the United Arab Emirates (UAE), 99.99% of QNB Tunisia, 54% of the Iraqi-based Al-Mansour Investment Bank, and a 20% stake in the Al Jazeera Finance Company in Doha. QNB Group also retains a 51% stake in QNB-Syria, and a 92% stake in QNB Indonesia.

Network expansion comes in support of the Group’s vision to become a leading bank in the Middle East, Africa, and Southeast Asia. In addition, the Bank is establishing a foothold in highly competitive markets, including Hong Kong, where the Group opened recently its first branch.

The Group started operating in Vietnam in 2015, along with opening new branches in KSA and India in 2017.

QNB Group extends through its subsidiaries and associate companies to more than 28 countries across three continents providing a comprehensive range of advanced products and services.

The total number of employees is 29,000 operating through 900 locations, with an ATM network of more than 4,800 machines.

QNB Group has maintained its position as the highest-rated bank in Qatar and one of the highest rated banks in the world from leading credit rating agencies including Standard & Poor’s (A+) Moody’s (Aa3), and (A) from Fitch, The Bank has also been the recipient of many awards from leading international specialised financial publications.

The Group provides an array of investment banking services through its subsidiary, QNB Capital, to corporate, government and institutional clients within Qatar and globally. QNB Capital has one of the best corporate finance teams in the GCC region offering extensive transaction experience and in depth advisory – including mergers and acquisitions, equity and debt capital markets, and project financing advisory. The Group also offers brokerage services through its subsidiary, QNB Financial Services (QNB FS), the first independently regulated, licensed brokerage company launched by a bank in Qatar. QNB FS offers a multi-market, multi-currency trading platform with access to several markets.

QNB Group has an active community support program and sponsors various social, educational and sporting events locally and through the countries where it operates.

For further information, please email QNB’s Public Relations Department through This email address is being protected from spambots. You need JavaScript enabled to view it.


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Last Update : Tuesday 26 September 2023